Guideline Value for MATHUR PUDHU NAGAR

Mathur Pudhu Nagar guideline value

The current guideline value of Mathur Pudhu Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Matthur village under the Thiruvottiyur SRO, and the land classification is Residential Special Type - III.

How the guideline value of Mathur Pudhu Nagar has changed

The guideline value for Mathur Pudhu Nagar has seen several revisions over the years. In 2002, the value was Rs 44 per sq.ft, which increased to Rs 53 per sq.ft in 2003. The following revisions were significant, with the value rising to Rs 100 per sq.ft in 2007, then to Rs 1,000 per sq.ft in 2012, and subsequently decreasing to Rs 670 per sq.ft in 2017. The value was Rs 1,000 per sq.ft again in 2023, before reaching the current rate of Rs 1,100 per sq.ft in 2024.

Between these revisions, the changes were notable. From 2002 to 2003, there was a 20% increase. The value surged by 89% from 2003 to 2007, followed by a remarkable 900% increase from 2007 to 2012. However, from 2012 to 2017, there was a decrease of 33%. The value then increased by 49% from 2017 to 2023, and finally, a 10% rise occurred from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 2400%.

Guideline values in Matthur

In Matthur village, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the guideline value for Mathur Pudhu Nagar.

• Mathiezhil Asires Iyar Nagar (Teachers Colony): Rs 1,100 per sq.ft (2024)
• Masilamani Nagar: Rs 1,100 per sq.ft (2024)
• Meenatchiammal Street: Rs 1,100 per sq.ft (2024)
• M G R High Road / M G R Cross Street: Rs 1,100 per sq.ft (2024)
• M G R Nagar: Rs 1,100 per sq.ft (2024)
• M.Parvathi Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Mathur Pudhu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total fees Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mathur Pudhu Nagar?

The Sub Registrar Office that covers Mathur Pudhu Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Matthur

The guideline value is a crucial factor when buying or selling property in Matthur, as it determines the minimum value at which a property can be registered. This value helps in calculating the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value for Mathur Pudhu Nagar?

The current guideline value for Mathur Pudhu Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 44 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Mathur Pudhu Nagar?

The land classification for Mathur Pudhu Nagar is Residential Special Type - III.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Mathur Pudhu Nagar?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.